NUMB:
990206
VERS:
ORIGINAL
REF:
900914
XXBY:
ALD. JOHNSON-ODOM
TITL:
Resolution approving the Release of Deed Restriction for the property at 1827-31 North 1st Street in the 6th Aldermanic District (Redevelopment Authority).
ANLS:
- Analysis -
This resolution will permit the Redevelopment Authority to release a deed restriction prohibiting the property at 1827-31 North 1st Street from being subdivided.
BODY:
Whereas, In Common Council File No. 900914 adopted on October 16, 1990, the Common Council of the City of Milwaukee ("Council") approved the Land Disposition Report submitted by the Redevelopment Authority of the City of Milwaukee ("Authority") for the property at 1827-31 North 1st Street in the Brewers' Hill neighborhood; and
Whereas, The deed of conveyance to the buyers, Timothy and Molly Philosophos, contained a restriction prohibiting the property, which is improved with two residential structures, from being subdivided without the prior approval of the Authority and the Council; and
Whereas, The property owners have requested that the deed restriction be released to facilitate sale of the property to two owner-occupants rather than a single buyer; and
Whereas, The Authority approved such Release of Deed Restriction on May 6, 1999; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Release of Deed Restriction for the property at 1827-31 North 1st Street is approved.
ZDPT:
DFTR:
DCD/Redevelopment Authority
EMM:bmm
05/11/99/C